News Release

Aug. 26, 2024

JACCS: Reviewed Green Finance Framework Evaluation: Green 1(F)

GS Yuasa Corporation: Second Party Opinion on Sustainability Linked Finance Framework

Kentech, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

IMAHASHI SEISAKUSYO, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

SHiOYA UNiTEC, The Joyo Bank: Second Opinion on Positive Impact Finance

GLOBAL HOLDINGS , The Yamanashi Chuo Bank: Second Opinion on Positive Impact Finance

Aug. 23, 2024

JCR Upgraded Long-term Issuer Rating on Mori Trust HD to AA/Stable; Affirmed J-1+ on CP

JCR Affirmed A/Stable and J-1 on GS Yuasa

JCR Affirmed A/Stable Long-term Issuer Rating on Nisshin OilliO Group

JCR Affirmed A/Stable Long-term Issuer Rating on TOMONY HD, TOKUSHIMA TAISHO BANK and KAGAWA BANK

JCR Affirmed AA-/Stable Long-term Issuer Rating on Global One Real Estate Investment Corporation

JCR Assigned A+ Rating to Bonds of KUREHA

JCR Assigned A+ Rating to Bonds of JA MITSUI LEASING

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned Preliminary A Rating to Shelf Registration of Tokyo Tatemono

JCR Assigned Preliminary A Rating to Shelf Registration of TEPCO Renewable Power

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Mitsui Trust Panasonic Finance

Aug. 22, 2024

JCR Upgraded Long-term Issuer Rating on TAIHEIYO CEMENT to A+/Stable; Affirmed J-1 on CP

JCR Affirmed BBB Long-term Issuer Rating on KYORITSU MAINTENANCE; Revised Outlook to Positive

JCR Affirmed AA- and J-1+ on Mitsubishi Heavy Industries; Revised Outlook to Positive

JCR Affirmed AA-/Stable and J-1+ on SoftBank

JCR Affirmed A-/Stable Long-term Issuer Rating on YOKOREI

JCR Affirmed A/Stable and J-1 on HEIWADO

JCR Affirmed AAA/Stable (FC/LC) on Canada

JCR Assigned AA Rating to Bonds of ORIENTAL LAND

JCR Assigned A- Rating to Bonds of Mexico

JCR Assigned Preliminary AAA Rating to Shelf Registration of Development Bank of Japan

[ Asset Securitization Products ] JCR Assigned Preliminary J-1 to Aso Shoji Bills Receivable ABL 24-08

DREAM Private REIT: Reviewed Green Finance Framework Evaluation: Green 1(F)

MUSASHI corporation, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance

Aug. 21, 2024

JCR Assigned BBB+/Stable (FC/LC) to Housing and Urban Development Corporation

JCR Affirmed A/Stable Long-term Issuer Rating on Anicom HD and Anicom Insurance

JCR Assigned AAA Rating to Bonds of Japan Student Services Organization

[ Asset Securitization Products ] JCR Assigned J-3 to Narasaki Stax Accounts Receivable ABL 24-08

Frontier Real Estate Investment Corporation: Reviewed of Green Finance Framework Evaluation: Green 1(F)

Aug. 20, 2024

JCR Affirmed A+/Stable and J-1 on Nomura Real Estate HD

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Central Tanshi FX

JCR Assigned BBB- Rating to Subordinated Loan of Restar

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Mitsui Finance and Leasing

JCR Assigned Preliminary AA- to Sumitomo Mitsui Trust Bank Trust ABL Program

Aug. 19, 2024

JCR Affirmed A+/Stable and J-1 on IWATANI

JCR Affirmed BBB/Stable Long-term Issuer Rating on RENOVA

JCR Assigned Preliminary A Rating to Subordinated Bonds of Fuyo General Lease

JCR Assigned Preliminary AA Rating to Shelf Registration of Chugoku Electric Power

JCR Assigned Preliminary AA- Rating to Shelf Registration of LY Corporation

JCR Assigned BBB+ to Clean Energy Connect Non-FIT Virtual PPA Low-voltage Solar Power Plant Green Project Bond Trust 2024 Trust ABL

JCR Assigned AA- Rating to SPIRE SA Series 2024-338

JCR Assigned A- Rating to Earls Eight Limited Series 859

[ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 24-08 (D Hospital)

Fuyo General Lease: Reviewed SU 1(F) to Sustainability Finance Framework /
Second Party Opinion on Sustainability Linked Finance Framework

Celan Energy Connect: Assigned Green 1 to Green Loan

NTT TC Leasing: Reviewed Green 1(F) to Green Finance Framework

The Bank of Kyoto: Second Party Opinion on Sustainable Deposit Framework

Aug. 16, 2024

JCR Affirmed A-/Stable and J-1 on Japan Atomic Power

JCR Assigned Preliminary AA- Rating to Bonds (Tier 2 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Assigned Preliminary AA Rating to Shelf Registration of Kansai Electric Power

JCR Assigned Preliminary AA Rating to Shelf Registration of Sumitomo Realty & Development

JCR Assigned Preliminary AA+ Rating to Shelf Registration of Mitsubishi Estate

JCR Affirmed A on Daiwa Green Finance Program Beneficial Interest and Trust ABL (Iwamizawa and Kushiro Solar Power Plants)

NECESS, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Aug. 15, 2024

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Korea Investment & Securities

JCR Affirmed A+/Stable Long-term Issuer Rating on One REIT

JCR Assigned Preliminary J-1 to Power Trust Neo ES-CON JAPAN

[ Asset Securitization Products ] JCR Assigned A rating to Commitment Line of Trust ABCL (7346)

Sasebo-kanko taxi, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Aug. 14, 2024

Meiji Yasuda Life Group to Acquire Midsize U.S. Life Insurer - No Impact on Rating

JCR Affirmed A-/Stable Long-term Issuer Rating on DyDo GROUP HD

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Canadian Solar

JCR Assigned Preliminary AA+ Rating to Shelf Registration of JAPAN TOBACCO

[ Asset Securitization Products ] JCR Affirmed AAA on Bonds of Clover 2021, LLC.

Aug. 13, 2024

JCR Assigned AA-/Stable (FC/LC, Solicited) to Slovenia; Withdraws AA- (Unsolicited)

Aug. 09, 2024

SUMITOMO CHEMICAL Announces Sale of a Portion of Shares in Petro Rabigh, Etc.—Positive Factor for the Rating

JCR Placed Rating on FUJI SOFT under Credit Monitor #A-/Negative and #J-1/Negative

JCR Affirmed BBB+ Long-term Issuer Rating on Nippon Yakin Kogyo; Revised Outlook to Positive

JCR Solicits Public Comments on Revisions to JCR's Rating Methodology

JCR Affirmed A-/Stable Long-term Issuer Rating on KYOEI STEEL

JCR Affirmed A/Stable and J-1 on Sojitz

JCR Affirmed A+/Positive Long-term Issuer Rating on TOSOH

JCR Affirmed AA+/Stable Long-term Issuer Rating on Toa Reinsurance

JCR Affirmed AAA/Stable (FC/LC) on United States of America

JCR Affirmed AA-/Stable (FC) and AA/Stable (LC) on Czech Republic

JCR Affirmed AAA/Stable (FC/LC) on Norway

JCR Assigned A- Rating to Bonds of Kawasaki Kisen Kaisha

JCR Assigned AA+ Rating to Bonds of Electric Power Development

JCR Assigned A- Rating to Bonds of Chuo-Nittochi Group

JCR Assigned BBB+ Rating to Bonds of NEXTAGE

JCR Assigned AAA Rating to Bonds of NTT TC Leasing

JCR Assigned AAA Rating to Bonds of Development Bank of Japan

JCR Assigned AA Rating to Bonds of Daiwa Office Investment Corporation

Joint Green Bond issuers(Local Governments): Reviewed Green 1(F) to Green Bond Framework

HEIWA REAL ESTATE REIT: Reviewed Green 1(F) to Green Finance Framework

Aug. 08, 2024

JCR Affirmed AA/Stable Long-term Issuer Rating on TOYOTA BOSHOKU

JCR Affirmed AA+p/Stable Long-term Issuer Rating on West Japan Railway

JCR Assigned Preliminary BBB+ Rating to Subordinated Bonds and Subordinated Loan of TOYOBO

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned AA Rating to Bonds of Hulic Reit

Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) July 2024

[ Asset Securitization Products ] JCR Assigned A to US real estate secured loan securitization 2024

JCR Assigned A to SPIRE SA Series 2024-222

NIPPON THOMPSON: Second Party Opinion on Sustainability Linked Finance Framework